ELIZABETHTOWN, Ky. (AP) - A Kentucky-based maker of brakes for
automobiles has asked employees to take voluntary retirements and
is not filling vacancies in an effort to reduce costs.
Akebono Brake Corp., an employer of 1,900 people nationally and
about 950 workers at its Elizabethtown plant, is seeking to reduce
costs as the automotive industry struggles.
Akebono produces brake calipers and friction materials, such as
disc brake pads.
Akebono's Elizabethtown general manager Carl Lay told The
News-Enterprise in Elizabethtown that Akebono is managing the
turbulent economic waters better than many competitors because it
supplies brake components for seven of the top 10 cars sold in
North America, Lay said
In addition to its manufacturing facility and headquarters in
Elizabethtown, Akebono has a production facility in Glasgow and a
research and development unit in Farmington Hills, Mich.
Information from: The News-Enterprise,
(Copyright 2008 by The Associated Press. All Rights Reserved.)